Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

A Protocol For Asynchronous Layer 2 Bitcoin Payments

Today, a freelance developer focused on Bitcoin and the Lightning Network, Super Testnet, unveiled his latest invention, Hedgehog, a protocol for asynchronous layer two bitcoin payments. [embed]https://www.youtube.com/watch?v=-JeBDVPH1gA[/embed] "This is a protocol similar to the Lightning Network," Super Testnet stated. "And that it is a layer 2 for Bitcoin payments, only in this one, unlike the Lightning Network, the two parties don't have to both be online, it's asynchronous. One party can send the other money then they're offline." One of the features of Hedgehog channels is its simplicity compared to lightning channels, according to the project's Github. State updates in…

BlockchainMar 27

Ethereum Price Goes Bullish as Analyst Predicts $5,000 ETH

Ethereum (ETH) has started to exhibit significant bullish behavior, propelling the community and investors into a fervent state of anticipation. A well-known crypto analyst, Jelle, shared insights on social media, suggesting that the ETH price is on a trajectory toward unprecedented heights. He suggested that Ethereum's retest of the $3,300 mark appears to have been successful. The analyst then indicated that there is minimal resistance obstructing the path to new all-time highs and expressed his intention to retain his holdings until a significantly higher valuation is reached, hinting at anticipation of Ethereum's price surpassing the $5,000 threshold. Looks like $ETH's…

EthereumMar 27

Stacks (STX) Surges 30% to ATH on Upgrade Approval and BTC Yield Incentives

Stacks (STX) prices have skyrocketed more than 30% over the past few hours, reaching an all-time high of $3.65 before cooling off a little. The token had climbed from an intraday low of $2.75 on March 20 but had retreated slightly to trade at $3.36 at the time of writing. Furthermore, the asset has made an impressive 125% since the beginning of this year. Stacks enables developers to write smart contracts for the Bitcoin network and was popularized in 2023 during the Ordinal Inscriptions craze. What Is Driving STX Momentum? Momentum for the big price pump has come from the…

AltcoinsMar 27

US sanctions 13 crypto firms for allleged involvement with Russian banks

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities alongside two unnamed individuals for building crypto services to potentially help Russian nationals evade sanctions. Many of those sanctioned offered services or facilitated transactions to assist other designated entities in dodging sanctions, OFAC said in a statement. “Russia is increasingly turning to alternative payment mechanisms to circumvent US sanctions and continue to fund its war against Ukraine,” said Brian E. Nelson, Under Secretary of Terrorism and Financial Intelligence. Nelson added that the Treasury will keep exposing and disrupting companies that enable sanctioned Russian…

RegulationMar 27

NEAR Launches Multichain Transaction From One Account Feature

The NEAR Foundation, the non-profit behind the layer-1 NEAR Protocol, announced that the protocol now supports chain signatures, offering users multichain access from their NEAR account. The chain signatures network is secured in part by Eigenlayer, which joins NEAR as a launch partner, according to a press release. Eigenlayer is a restaking project built on Ethereum. “Since day one, the NEAR ecosystem has focused on simplifying access to Web3 for developers and mainstream users,” said Illia Polosukhin, co-founder of NEAR. “Chain Signatures is the next step in that journey, making it significantly easier to transact on any blockchain while also…

BlockchainMar 27

Vitalik Buterin Takes a Dig at the Metaverse, Calls it a Branding Ploy

The Metaverse needs a better definition for it to work properly, Vitalik Buterin said at the BUIDL Asia conference in Seoul. People associate the metaverse with VR, but there’s more to it than that. Ethereum’s Vitalik Buterin says that Metaverse isn’t what we think it is. The Metaverse is broadly understood as a virtual decentralized world with immersive social settings and experiences that utilize avatars, virtual reality (VR), and augmented reality (AR) technologies, with blockchain technology being the tie that binds this all together. “The Metaverse is poorly defined and often seen more as a brand name than a product.…

MetaverseMar 27

ChainGPT and Polygon Labs Alliance Boosts NFT Development, Sets Stage for MATIC Rebound

ChainGPT and Polygon Labs team up to revolutionize NFT creation with AI technology and scalable blockchain integration. Interest in NFTs is surging again as the crypto market stabilizes and innovative solutions emerge. ChainGPT and Polygon Labs have announced a strategic partnership to streamline and democratize NFT creation by integrating artificial intelligence (AI) technology with a robust blockchain infrastructure. The integration of its AI NFT Generator with the Polygon blockchain has made on-chain minting and seamless AI-powered NFT creation possible. This partnership leverages Polygon’s efficient framework to streamline the entire NFT creation process from start to finish, addressing the current infrastructure…

NFTMar 27

Why Ethereum (ETH) Might Struggle to Reach $4,000 in the Near Term

Ethereum (ETH) price bounced back this week from the lows of $3,100, reigniting hopes of new highs for the altcoin. However, the inclination of ETH investors toward realizing profits might impede this process. Ethereum Price Rise Warrants Restraint From Investors Ethereum’s price increased to $3,642 at the time of writing, and in doing so, it brought investors back on the network. However, their actions are not in line with the expectations. The transfer of ETH from one address to the other shows that the current price is higher than the last price. This signals the fact that the supply held…

EthereumMar 27

Stablecoin Market Explodes With Tether (USDT) Market Cap Surging Past $100 Billion: CCdata

CCData has released the March 2024 edition of its “Stablecoins & CBDCs Report.” CCData is a leading company specializing in digital asset data and index solutions. They collect and aggregate vast amounts of pricing data on cryptocurrencies from various exchanges and sources, meticulously cleaning and standardizing it for use by institutions and retail investors. CCData also develops and calculates cryptocurrency indices that track the performance of specific segments of the digital asset market, often used as benchmarks for financial products like ETFs. They provide an API that allows developers and institutions to access accurate, real-time cryptocurrency market data, enabling the…

AltcoinsMar 27

SEC Publicly files Remedies Brief, Seeks $2B from Ripple for Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the public docket today, seeking Ripple to pay $2 billion for violations of securities laws. The regulator first filed the brief under seal on March 22. However, the motion was sealed for nearly four days as the parties deliberated on the necessary redactions. The latest development was shared by seasoned crypto lawyer James K. Filan in a tweet today. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion,…

RegulationMar 27